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FaithNetwork (3489) · RiskRestatedLatest Earnings presentation (2026-05-19): "Worsened"

Rising Land Prices and Persistently High Construction Costs

First written in FY2019-Q1. 13 of 21 entries say "Restated". Latest entry: 2026-05-19.

21entries
9years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2021-Q3RestatedFY2023 – FY20252018: 220182019: 420192020: 420202021: 120212022: 320222023: 220232024: 020242025: 120252026: 42026
Same theme, other companies
Higher real estate development costs due to rising land and construction costsA theme 22 companies write about · 22 as a headwind · 0 as a tailwind

FaithNetwork moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.

The whole theme swung hardest in 2022: 12 of 16 companies on the "Worse" side.

6 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 22 companies compared. The sentences above are computed from all 22.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「In addition to elevated land prices, soaring construction material prices and higher labor costs due to a shortage of workers involved in construction, our group needs to monitor monetary policy, including policy rate hikes and the reduction of outstanding government bond holdings.」

    It continues to cite land prices, construction materials, labor costs and monetary policy as cost and financial risks in the business environment.
  2. FY2023RestatedAnnual report

    「Higher labor costs due to elevated land prices, soaring construction material prices and a shortage of workers involved in construction」

    It continues to cite land prices, construction materials, labor shortages and higher labor costs as concerns regarding construction costs.
  3. FY2023-Q3WorsenedAnnual report

    「Soaring energy and raw material prices and a broad-based rise in prices due to the prolonged situation in Ukraine」

    In connection with the previously noted concerns over construction costs and material prices, it cites increases in energy prices, raw material prices and prices overall.
  4. FY2023-Q2RestatedAnnual report

    「Soaring prices for materials and raw materials, including energy prices, due to Russia's invasion of Ukraine」

    As in the previous quarter, it cites soaring material and raw material prices as cost factors in the business environment.
  5. FY2023-Q1WorsenedAnnual report

    「Although land prices remain elevated due to the prolonged COVID-19 pandemic and geopolitical factors, and despite soaring material prices and supply-side constraints, we believe demand for investment in rental properties for residential use in Tokyo, which are expected to generate stable returns, remains strong.」

    In addition to the previously noted elevated land prices and construction costs, it explicitly notes soaring material prices and supply-side constraints.
  6. FY2022WorsenedAnnual report

    「The Company needs to monitor high land prices, soaring construction material costs, and rising labor costs resulting from a shortage of personnel involved in construction, as well as monetary policy, including U.S. Federal Funds rate hikes and quantitative tightening.」

    In addition to persistently high land prices and construction costs, soaring construction material prices and rising labor costs associated with personnel shortages are explicitly identified.
  7. FY2021-Q3RestatedAnnual report

    「Although affected by rising land prices and persistently high construction costs, the average price rose 1.7% to ¥60.84 million. The price per square meter also rose 5.3% to ¥926,000.」

    Rising land prices and persistently high construction costs continue to be cited as market conditions, and increases in condominium prices and prices per square meter are indicated.
  8. FY2021-Q2RestatedAnnual report

    「Due to rising land prices, persistently high construction costs and other factors, including resilient demand for properties in central urban areas, the average price was ¥60.85 million, up 1.3% year on year, while the price per square meter was ¥931,000, up 3.3% year on year, with both measures increasing.」

    Rising land prices and persistently high construction costs continue to be cited as factors driving condominium price increases in the Tokyo metropolitan area.
  9. FY2021-Q1RestatedAnnual report

    「Due to the impact of rising land prices and persistently high construction costs, as well as the popularity of properties in central urban areas, the average price rose 8.7% to ¥66.68 million, while the price per square meter rose 13.7% to ¥1.031 million, with both measures increasing.」

    Rising land prices and persistently high construction costs continue to be cited as factors driving increases in condominium prices and prices per square meter in the Tokyo metropolitan area.
  10. FY2020RestatedAnnual report

    「Construction costs, which soared due to the Tokyo Olympics and earthquake reconstruction, among other factors, have tended to remain high, partly because labor costs have risen amid a labor shortage.」

    Soaring and persistently high construction costs continue to be cited as factors affecting the business environment, with reference also made to rising labor costs caused by the labor shortage.
  11. FY2020-Q3RestatedAnnual report

    「Although affected by rising land prices and persistently high construction costs, the average price rose 1.9% to ¥59.8 million.」

    Rising land prices and persistently high construction costs continue to be cited as factors in the market environment.
  12. FY2020-Q2RestatedAnnual report

    「Although affected by rising land prices and persistently high construction costs, the average price rose 4.2% to ¥60.06 million, while the price per square meter rose 4.9% to ¥901,000, with both measures increasing.」

    Rising land prices and persistently high construction costs continue to be cited as factors driving increases in condominium prices and prices per square meter.
  13. FY2020-Q1RestatedAnnual report

    「Due to the impact of rising land prices and persistently high construction costs, as well as the popularity of properties in central urban areas, the average price rose 2.9% to ¥61.37 million, while the price per square meter rose 3.7% to ¥907,000, with both measures increasing.」

    Rising land prices and persistently high construction costs continue to be cited as factors driving condominium price increases in the Tokyo metropolitan area.
  14. FY2019RestatedAnnual report

    「Construction costs, which rose sharply due to the Tokyo Olympics and earthquake-reconstruction projects, have tended to remain elevated.」

    Soaring and persistently high construction costs continue to be cited as factors affecting the business environment.
  15. FY2019-Q3RestatedAnnual report

    「Although affected by rising land prices and persistently high construction costs,」

    Rising land prices and persistently high construction costs continue to be cited as environmental factors affecting the real estate market.
  16. FY2019-Q2RestatedAnnual report

    「Although affected by rising land prices and persistently high construction costs,」

    Rising land prices and persistently high construction costs continue to be cited as external factors affecting the real estate market.
  17. FY2019-Q1First statedAnnual report

    「Due to the impact of rising land prices and persistently high construction costs, as well as the popularity of properties in central urban areas,」

    Rising land prices and persistently high construction costs are cited as external factors affecting the real estate business.
Moved together

"Trade Issues and Uncertainty in Overseas Economies" moved the same way as this thread, in the same document, in 3 of its 21 moves.

3222★1234
  1. ★This thread
  2. 1Trade Issues and Uncertainty in Overseas Economies3×
  3. 2Reliance on Interest-Bearing Debt and Financing Uncertainty2×
  4. 3Stable and Continuous Profit Returns2×
  5. 4Strengthening the stable supply system for high-quality properties planned and developed in-house2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for FaithNetwork yet. It last moved in the Earnings presentation of 2026-05-19: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Rising Land Prices and Persistently High Construction Costs | FaithNetwork Co.,Ltd (3489) | Komori